Are you an Estate Agent? Register here
Are you an Estate Agent? Register here
£12,500,000 Guide Price
Bedrooms
Bathrooms
An enormous, 4,624 sqft / 429 sqm, first floor lateral apartment, laid out with upto Six bedrooms and Two or Three reception rooms.
Berkeley House is located on prestigious Hay Hill, just south of Berkeley Square and in the heart of Mayfair. It is located approximately in the heart of Mayfairs private members clubs, midway between The Arts Club and Annabels, and within 100m of Maison Estelle.
The property requires modernisation throughout, allowing the new owner or developer to personalise the space and create a standout luxury residence that meets modern standards and tastes, sparking your imagination.
Entrance Hall : Large Reception Hall : 2 Reception Rooms : Upto 6 Bedrooms : 5 Bath/Shower Rooms : Guest WC : Kitchen : Porter : Lift : EPC Rating C : Westminster Council Tax Band H
Napier Watt Says - One of the largest, lateral apartments available in Mayfair.
Leasehold : 25 March 2165 ie 140 years
Westminster Council Tax Band H - EPC C
Service Charge - 24,800 per half year inc
Map location is not available for this property.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
The Property has been saved to your favorites
/ 5
It's quick and easy
